Four years after being banned by the Commodity Futures Trading Commission, prediction market Polymarket is set to reopen to US customers, according to filings submitted by the platform.
Polymarket, which operates on the Polygon network and deals in crypto-based predictions, agreed to block US users four years ago. The settlement came with the Commodity Futures Trading Commission after the prediction market was accused of running an unregistered derivatives trading platform.
After acquiring the crypto exchange group QCX for US$112 million, Polymarket was granted a way to reenter the US. Following this, the Commodity Futures Trading Commission gave the prediction platform the go-ahead by issuing a no-action letter on September 3.
